Electric Motors for Household Appliances Market Overview:
The Global Electric Motor for Household Appliances Market size is projected to be worth USD 9893.90 million by 2030, registering a CAGR of 4.88% during the forecast period (2022–2030).
Our Market Overview and Regional Analysis provide an understanding of the industries, companies and products within the market. Our Trends section provides an analysis of how the market is currently performing and looks set to perform in the future. Our Growth Forecast section gives you an idea about how our Market Analysis works, by giving us further details on how we can build our Market Forecast model for a particular domain within this report. Lastly, in our Metrics section we outline important data points relating to each of these sections as well as our current forecasted price range.
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Global Electric Motor for Household Appliances Market – Segments
The market can be segmented into type, voltage, output power, application, and regions. The type segment is bifurcated into DC motors and AC motors. The voltage segment is bifurcated into up to 50 V, 50 V to 120 V, and above 120 V. The output power segment is bifurcated into up to 500 W and above 500 W.
The application segment is bifurcated into ovens, refrigerators, washing machines, electric fans, vacuum cleaners, dishwashers, range hoods, tumble dryers, wash dryers, freezers, and others. By regions, the market is sub-segmented into North America, Europe, APAC, and the rest of the world.
Electric Motor for Household Appliances Market – Regional Analysis
Asia Pacific dominates the global electric motor for household appliances market, heading with the home appliance manufacturing industries in the region. The constant setting up and upgrades of the manufacturing sector and the increasing emphasis on adopting energy-efficient home appliances in the region contribute to market revenues.
Electric Motor for Household Appliances Market – Competitive Analysis
Highly competitive, the electric motor for household appliances market is dependent on sales of home appliances. The market appears fragmented due to several large and small key players accounting for a substantial market share. Well-established players incorporate acquisitions, collaborations, expansions, and product & technology launches to gain a competitive advantage in this market and maintain their market position.
These players focus on new product development and geographical expansion initiatives. The market is anticipated to witness relentless innovations and the development of new products, eventually resulting in intense competition among the motor manufacturers.
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Major Players:
Players leading the global electric motor for household appliances market include Ebm-Papst(Germany), Johnson Electric Holdings Limited (Hong Kong), Nichibo DC Motor (China), Nidec Motor Corporation (Japan), Sunonwealth Electric Machine Industry Co., Ltd. (Taiwan), CEBI Group (Luxemburg), Newmotech Co., Ltd (South Korea), Elica S.p.A. (Italy), Diehl Stiftung & Co. KG (Germany), CG Power and Industrial Solutions Limited (India), Dumore Motors (US), MinebeaMitsumi (US), Keli Motor Group Co., Ltd (China), Panasonic Corporation (Japan), and SanhuaAweco (Germany), among others.
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